72 karma · joined March 3, 2011
Wouldn't it make sense to pool a small amount of $2-5k investments from a number of individuals who all agree on a particular project and taking it to launch. Not speaking about crowd-funding/kickstarter. There's clearly a lot of very smart people who can build shit, and a small amount of folks willing to invest. Why not just pool everything together. Spread the risk, but combine the talents of more people.
- At $5k / 50%, who is covering the costs of creating a separate entity (LLC formation)?
- What happens in the event that the project is completed in time, but the addl $3k spent to acquire enough customers doesn't yield any positive results?
- Who owns the IP in case after all is said and done, it falls into a dead pool? IP in code that didn't survive as a startup is still valuable.
- How many side-projects are you funding and are you expected to be directly involved in each one?
Some people look at getting paid $5k to complete a side project as plus. I guess to some it is. Taking 2 months to build means you were paid $2.5k per month (around $15 per hour) assuming 40hr work weeks.
Customer acquisition is the most time consuming, costly and difficult part of any startup. Is $3k really realistic to determine if the market is there?
Since this is HN and you're clearly looking for feedback...
Don't sell $10 stickers with no clear value. Your value vs the perceived value of the consumer appears to be very different. Be professional and get a separate PayPal acct that doesn't say gamerholic.com. No wonder your aren't getting press. The site is littered with misspellings, bad grammar (it's addict" not "attict") and a checkout which seems scammy.
The example search is clearly staged. "Officer Jason White" reviewed by an American Black?
Is the site a tool to track racial profiling or a yelp for the "down and out" homeless? Seems to two completely separate social issues.
Finally it's important to know who you are dealing with as a consumer. I wouldn't give money to a company called Ehustla, LLC.
I'm not quite sure I would want to tell my younger self anything that may inevitably change the outcome of the future. We all knows what happens when people travel back in time, the future gets all screwed up. But if there was one thing, perhaps to not look for validation in what you're doing from other people who don't do what you do.
3. Design needs to be improved badly. A site shouldn't have ads when it launches, even if it needs to generate revenue. Launching a site with ads, especially Adwords is a negative in my opinion. Go with a slick design, no ads and build a community first.
4. Any time a person can be anonymous, you will get feedback that may be wrong and/or harmful. This is, of course, the internet and there is a subset of people who enjoy being the bad guy.
Jumping from something stable into the unknown is probably the hardest in my opinion. The road ahead is going to at times seem unclear, just remember to put together a plan of being able to accomplish something, anything towards bringing your idea to reality.